The company had clocked a PAT of Rs 18 crore during the year-ago quarter, it said in a BSE filing.
Net Sales are expected to increase by 7 percent Y-o-Y (up 1.4 percent Q-o-Q) to Rs. 266.8 crore, according to ICICI Direct.
Uketoru is express B2C technology company and its acquisition is a strategic investment for business growth of the company.
ICICI Direct is bullish on TCI Express has recommended buy rating on the stock with a target price of Rs 780 in its research report dated February 13, 2019.
Moneycontrol's Vaibhavi Khanwalkar does a 3 Point Analysis of the company's Q3 numbers.
We remain optimistic on the company's earnings growth and expect the margin expansion to continue going forward
The company had posted Rs 15.43 crore net profit during the year-ago period, TCI Express said in a BSE filing.
Sakshi Batra does a 3 point analysis on the fine print of the companies' Q2 earnings.
ICICI Direct is bullish on TCI Express has recommended buy rating on the stock with a target price of Rs 780 in its research report dated November 06, 2018.
The company in a statement said it had clocked a net profit of Rs 13.05 crore for the second quarter in the corresponding period of the previous fiscal.
We remain optimistic on the earnings growth of both these companies and expect them to deliver strong growth over the next couple of years
TCI Express has reported a sales total income from operations of Rs 247.59 crore and a net profit of Rs 16.12 crore for the quarter ended Jun-2018
Net Sales are expected to increase by 20 percent Y-o-Y (down 2.2 percent Q-o-Q) to Rs. 243.8 crore, according to ICICI Direct.
Along with GST rising urbanisation and premiumisation by aspirational middle class, will move the balance of power firmly in favour of professionalised formal businesses.
Aided by industry tailwinds and increased economic activity, the managements expects FY19 topline to increase around 20%
Aided by industry tailwinds and increased economic activity, the managements expects the momentum to continue in FY19 and expects a topline growth of 15 percent.
TCI Express is in focus on back of earnings. The company reported a good quarter with the revenue rising 10 percent. In an interview to CNBC-TV18, Chander Agarwal, Managing Director of the company discussed more on the company’s Q2 performance.
The domestic express logistics industry is of Rs 25,000 crore and TCI Express has a 3-4 per cent market share in it, TCI Express CEO P C Sharma told PTI.
In an interview to CNBC-TV18, Chander Agarwal, MD of TCI Express said that they expect 18-20 percent revenue growth in FY18.
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"TCI Express is India's leading express company in the organized segment and in H1 we have already seen a 15 percent growth and in next H2 we will see another 15-18 percent", Chander Agarwal, MD of TCI Express told CNBC-TV18.
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